TripAdvisor 2013 Annual Report Download - page 80
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TRIPADVISOR, INC.
CONSOLIDATED AND COMBINED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(in thousands, except share data)
Invested
Capital Common stock
Class B
common stock
Additional
paid-in
capital
Retained
earnings
Accumulated
other
comprehensive
(loss) income Treasury stock Total
Shares Amount Shares Amount Shares Amount
Balance as of
December 31, 2010 $ 541,561 — $— — $— $ — $ — $(1,929) — $— $ 539,632
Net income attributable to
TripAdvisor, Inc. prior to
Spin-Off 175,308 175,308
Net income attributable to
TripAdvisor, Inc. after the
Spin-Off 2,369 2,369
Currency translation
adjustments (781) (781)
Tax benefits on equity
awards 1,453 1,453
Stock- based compensation
expense- pre-Spin-Off 16,260 16,260
Acquisition of common
control subsidiary from
Expedia (40,564) (40,564)
Adjustment to the fair value
of redeemable
noncontrolling interest (571) (571)
Extinguishment of
receivable due from
Expedia related to Spin-
Off, including transfers of
assets and liabilities (1,525) (1,525)
Distribution to Expedia
related to Spin-Off, net (398,488) (398,488)
Capitalization of
TripAdvisor as a result of
Spin-Off from Expedia,
including issuance of
Common and Class B
shares (293,434)120,661,808 121 12,799,999 13 293,300 —
Stock-based compensation
expense- post Spin-Off 444 444
Balance as of
December 31, 2011 $ — 120,661,808 $121 12,799,999 $ 13 $293,744 $ 2,369 $(2,710) — $— $ 293,537
Net income attributable to
TripAdvisor, Inc. 194,069 194,069
Currency translation
adjustments 1,945 1,945
Unrealized loss on
marketable securities, net
of tax (104) (104)
Issuance of common stock
related to exercise of
options and warrants and
vesting of RSUs 9,398,330 9 230,702 230,711
Tax benefits on equity
awards 3,933 3,933
Minimum withholding taxes
on net share settlements
of equity awards (6,675) (6,675)
Adjustment to the fair value
of redeemable
noncontrolling interest (14,617) (14,617)
Reclassification of non-
employee equity awards
to liability (1,462) (1,462)
Stock-based compensation
expense 25,631 25,631
70